By Alicia Wallace, CNN (CNN) — US businesses’ input costs are rising rapidly as the Iran war’s oil shock continues to ripple through the economy. The Producer Price Index, a closely watched gauge of wholesale inflation, rose 1.1% in May, lifting the annual rate to 6.5%, its highest in more than three years, a new
By Alicia Wallace, CNN
(CNN) — US businesses’ input costs are rising rapidly as the Iran war’s oil shock continues to ripple through the economy.
The Producer Price Index, a closely watched gauge of wholesale inflation, rose 1.1% in May, lifting the … [1134 chars]
Source: ABC17News.com | Published: 2026-06-11T12:36:25Z
Credit: ABC17News.com
